₦airaland Forum

So that the running mate can be living in ABUJA like her abi

XaToXi:
What leverage are you using?

There's strong resistance at 39800-40,000 right now. Hopefully, the weekly close can break that resistance. Hope you have set a TP?
[s]
There are a couple of advanced plays you could do. Like selling a fraction at resistance and rebuying back at support to compound and lower your entry price, but that would be too much for a beginner.[/s]

Just hang tight and look for money to DCA at 38200 and 37200.

Supoort and resistance
2) No, I don't use TP and SL, yet do master it. Always online to take profit and close the trade once I see 20% profit or close once I witness like 20% loss below capital level

MrCamron:
Let me share some rules/tips for flipping (scalping) with you.

Using Trailing stop method; once (Take profit 1)tp1 is done put (Stop Loss)SL at entry. This saves traders who can't afford any loss, So put SL at entry once PNL goes above 50-60%.
When tp2 is done don't move sl to Tp1 rather just keep sl at entry
When tp3 is done then move sl to tp1.
With time after you have mastered this, you can always twerk it just how you prefer.

Cheers !

Like 50% profit?? I hardly wait for 50% profit

I do aim for 20% and I close the whole trade

dayo229:
Future has a way of doing that. When you use small money you go dey win, your $100 go turn $200 in 30min you go be like if I had put 1k I for don profit 2k o. The moment you start using big money na then the wahala go start.

Future go give you $100 con collect $1000 back from you. I just hope say you'll be able to sleep proper this night. E no easy

I've been in crypto for over 2years as a hodler but it's pretty boring because I haven't made any tangible profit.

Lol, I started with the 20$ last month on future and it's been pretty good. I make losses but my capital preservation was top-notch and my profit was always able to cover up.

I no know as this one con wan enter voice mail

XaToXi:
Don't close it prematurely.

There will be a bounce if it ever gets to the monthly 38k support.

What price did you enter so we see if it can bounce to break even?

What leverage are you using?

Even if 38k does not hold, 37200 is another strong support.

You can DCA at those 2 prices.

Entered around 40.9
It was meant to be a quick flip

MrCamron:
You are welcome, anytime.

I still have more questions though

MrCamron:
Let say you have 500 usd to trade futures. And the current price of bitcoin is 42,000. In your case, you used all your 500 usd to buy btc at the price of 42,000.
Hence, your entry price will be 42,000. But instead,do this ; use 100 usd out of your 500usd to buy btc when the price=42000.
At further dip,say when btc falls to 41500,buy again 100 usd worth. And say further dip went to 41000,buy a 100 usd worth. Say again it dips to 40500,buy a 100 usd worth. And lastly,if it drops to 40000,then use your remaining 100 usd to buy at that price. The effect; your entry price will not be "42000" as you have using your approach,it will be far less than 42000. Hence,your liquidation price ,which in your case is around 37,000,will be less than 37,000. Thats it about that,though other twerks dey.

Mind you,it is always a good practice to set this order already (open order) so that incase of a Liquidation wick /downward spike,your order can get executed.

Even if I want to long it, I will also DCA?

MrCamron:
Let say you have 500 usd to trade futures. And the current price of bitcoin is 42,000. In your case, you used all your 500 usd to buy btc at the price of 42,000. Hence, your entry price will be 42,000. But instead,do this ; use 100 usd out of your 500usd to buy btc when the price=42000.
At further dip,say when btc falls to 41500,buy again 100 usd worth. And say further dip went to 41000,buy a 100 usd worth. Say again it dips to 40500,buy a 100 usd worth. And lastly,if it drops to 40000,then use your remaining 100 usd to buy at that price. The effect; your entry price will not be "42000" as you have using your approach,it will be far less than 42000. Hence,your liquidation price ,which in your case is around 37,000,will be less than 37,000. Thats it about that,though other twerks dey.

Mind you,it is always a good practice to set this order already (open order) so that incase of a Liquidation wick /downward spike,your order can get executed.

Thanks for this

MrCamron:
Something like that.
Though it can also help you to determine when to buy or sell even when the price is yet to be in the overbought/oversold region.

I think you are good.
Ride on, just keep your greed in check and also,dont go all in at once,always buy in parts/batches.

I will probably close in loss

MrCamron:
Also, learn how to use multiple timeframes.
Also,dont forget your RSI and MACD, and say -STOCH and Bollinger Band

RSI to confirm overbought and oversold, RSI 16?

MrCamron:
Henceforth,cultivate the habit of entering at different price level,i mean in batches.

Like DCA with future?

MrCamron:
Is your open position in spot trading or in futures?

future

MrCamron:
Now i can confirm its futures . And your liquidation price is in 37k region.
Whats your entry price? And did you enter all in at a go?

On a GO, I entered all on a go. Using support and resistance strategy on a 15mins timeframe

Born2conquer:
I need all the prayer warriors on this thread to join me in prayers, I don put all my life savings on BTC. I longed it with the hope that the btc would go back to 42k

Walahi, 55% in loss already

I don enter toilet 1m times today

The funniest thing, I've been practicing with $20 for over 1 month and its been going my way.

Na so I carry 2k dollars enter yesterday night. Walahi igbooo

FASTCHOW:
Don't worry am with you in prayers... By morning you will smile

Amennn

Enyinne:
U go share profit with me as my prayer dey work well well .

Small thing

dayo229:
What's your liquidation price?

Around 37k region

Lucremoy:
It is well bro
I hope you didn't get liquidated by that last wick

I almost lost my breathe broooooo

I need all the prayer warriors on this thread to join me in prayers, I don put all my life savings on BTC. I longed it with the hope that the btc would go back to 42k

Walahi, 55% in loss already

I don enter toilet 1m times today

Botlord:
Seriously Russia is being lenient with Ukraine, maybe because they shared a common history...

Someone said if RUSSIA should go to war with Finland or Poland that those countries would feel it Hard.

Russia is very very lenient with Ukraine

Ibime:
Bro, this will be the third time in the last year I exited the market before an obvious downturn. I don't know how anyone can still be bullish given macro conditions and loss of the 21 week EMA. Still welded to the strategy of shorting resistance and only buying obvious hype coins until macro conditions change. Guys should have fled to stables once we broke below $45k. You taught me the 21 week EMA rule for determining alt season and I still apply it judiciously.

Chief, can you explain the 21 week ema rule

Limassol:
hello, please are you in kano? i would like to talk to you. 08160409500 is my num. flash or call me.

Send a Dm

CryptoPornster:
A couple of hours back, we saw a pump in the price of #Bitcoin and one of the Crypto influencers on Twitter boldly tweeted what you will find in the attached image.

Immediately I saw his tweet, I knew that was an opportunity to make a point because I knew a dip was imminent any moment from then, so I had to interpret his tweet on the chart (which is the second image attached).

A couple of hours later, my fear came into play and alot of accounts got liquidated (proof attached as image 3).

Moral: Learn to do your own research before you blindly swallow what a so called influencers spills on his or her space.

Hello, why did you use 1hr timeframe for your analysis?

lanre316:
May God Almighty grant your wishes and mine too. Amen.

Anen

I won't buy a luxury car until I leave Nigeria

n3xt:
Wow! I guess they’re in prime areas.

We bought the commercial property with something around 8figures.

Abk is already becoming a hot cake

KolaShangOne:
What's the price range?

5m to 10m for residential
10m upward for the commercial

rmx:
What area ? Area and quality of people is key for me

Oshodi might be 500k people par day .Wont be what I need . Will reach out by mail later

Haha, this is abeokuta and most people are civil servants, go to work in the morning and come back to their various houses in the evening.

The prime property is on the main road to one of the top 10 Universities in Nigeria (1min drive to the school gate), hottest cake.

Quality of people: Students that can buy anything since they're dependent

OpenHeaven2019:
Everything is pumping now. Always remember it’s takes one BTC red candle and all your profits are gone.

Take profits as you see them, there is nothing like Up only! Don’t be greedy - TP.

Thanks for this,

rmx:
Any commercial land amongst them , Cased abeokuta some months back . Oke ilewo or abiola way around opl ?

I have one hotter than those, situated in a main place with at least 10,000 people traffic per day

EgunMogaji2:
I have a part time staff just for this task. It's tiring and has a cost.

Chief, can you brief me on this and the yearly cost.

If you're interested in strategic lands in abeokuta, kindly hit me up.

I have some lands in strategic places I will like to dispose of, several lands maintenance, and frequent checkups on each of them don dey choke me.

Just kindly send a mail.

It is not compulsory and I am not desperate but I am sure this is gonna be a steal for whosoever grab this